Comerica Bank Sells 2,587 Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)

Comerica Bank cut its stake in shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) by 75.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 844 shares of the company’s stock after selling 2,587 shares during the period. Comerica Bank’s holdings in iShares MSCI ACWI Low Carbon Target ETF were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aspiriant LLC increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 5.9% in the fourth quarter. Aspiriant LLC now owns 105,698 shares of the company’s stock worth $20,462,000 after purchasing an additional 5,858 shares during the last quarter. Allianz SE bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the fourth quarter worth approximately $20,032,000. Investure LLC increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.2% in the fourth quarter. Investure LLC now owns 101,821 shares of the company’s stock worth $19,712,000 after purchasing an additional 1,171 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 72,802 shares of the company’s stock worth $14,094,000 after purchasing an additional 584 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 146.3% in the fourth quarter. Wealthfront Advisers LLC now owns 30,192 shares of the company’s stock worth $5,845,000 after purchasing an additional 17,934 shares during the last quarter.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.5%

CRBN stock opened at $203.90 on Friday. iShares MSCI ACWI Low Carbon Target ETF has a 1-year low of $166.75 and a 1-year high of $204.30. The company’s 50 day moving average is $190.12 and its 200 day moving average is $195.37. The stock has a market cap of $999.11 million, a price-to-earnings ratio of 20.05 and a beta of 0.94.

About iShares MSCI ACWI Low Carbon Target ETF

The iShares MSCI ACWI Low Carbon Target ETF (CRBN) is an exchange-traded fund that is based on the MSCI ACWI Low Carbon Target index. The fund tracks an index of stocks from global firms selected for a bias toward lower carbon emissions. CRBN was launched on Dec 9, 2014 and is managed by BlackRock.